The Ticker
Ally, ResCap and GMAC complete share of mortgage relief
2/14/13 3:45pm
U.S. auto lender Ally Financial has satisfied a requirement to provide $200 million in home loan modifications and other consumer relief under last year's $25 billion national mortgage settlement, according to the pact's monitor.
Ally, along with its Residential Capital and GMAC Mortgage units, becomes the first of five mortgage servicers to complete its portion of the mandated customer assistance.
